News

  SHARJAH / WAM The UAE witnessed the official launch of the Emirates Reprographic Rights Management Association (ERRA) — a first-of-its-kind association in the region. The launch aligns with the UAE’s mandate to protect copyrights of content creators and safeguard the rights of authors and publishers through appropriate laws and legislations. The launch ceremony, at the House of Wisdom (HoW) ...

  DUBAI / WAM Hamriyah Free Zone Authority (HFZA) has reiterated its commitment to providing all the necessary means to boost the confidence of more than 1,400 Indian companies operating in the free zone in various industrial and commercial sectors. The authority added, “We spare no effort to provide all the facilities, the administrative, technical, and logistical services that ensure ...

  RIYADH / WAM Edge Group entity, AL JASOOR, the UAE’s armoured vehicle specialist, unveiled a new variant of its Rabdan 8×8 infantry fighting vehicle (IFV) — the Rabdan ambulance — on the first day of the World Defense Show held in Riyadh, Kingdom of Saudi Arabia. The new configuration is uniquely designed to provide off-road mobility and mine-resistant, ambush ...

DUBAI / WAM The United Arab Emirates is supporting the Dominican Republic’s efforts to become a regional logistics hub in Central America and the Caribbean, the country’s Vice President told the Emirates News Agency (WAM). Raquel Peña made this comment while talking about Dubai-based DP World, the multinational company that facilitates global trade through its ports and terminals, parks, logistics ...

  Bloomberg President Joe Biden’s administration will soon start a review of the first group of tariffs on more than $300 billion in Chinese imports needed to prevent their expiration, a process likely to bring new scrutiny of their effectiveness as inflation runs at a four-decade high. The evaluation, officially known as a “review of necessity,” so far has attracted ...

  Bloomberg Ukraine’s President Volodymyr Zelenskiy said Elon Musk promised the country another batch of Starlink satellite terminals to help keep internet communication working as the country fights Russia’s invasion. In a Twitter post, Zelenskiy said he spoke with Musk, the CEO of Tesla Inc. and SpaceX, and another delivery of Starlink systems will arrive next week “for destroyed cities.” ...

  Bloomberg Visa Inc. and Mastercard Inc. are suspending their operations in Russia, a coordinated attempt that threatens to further isolate the economy from the international community following President Vladimir Putin’s decision to invade Ukraine. In separate statements that arrived within minutes of each other, Visa cited “Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” ...

  Bloomberg Argentina’s government published the detailed plan for reducing its fiscal deficit and central bank financing as part of its pending $45 billion deal with the International Monetary Fund. The agreement with IMF staff has now been submitted to Argentina’s congress and will go before a vote sometime in the coming weeks. The country will receive 7 billion ($9.8 ...

  Bloomberg WeWork Inc is in discussions to raise new equity, according to people with knowledge of the matter, after the co-working company’s shares fell by more than half since its October public debut. The stock plunged to a record low on the news. The talks were kick-started by investor interest, said one of the people, who like the others ...

Bloomberg On a freezing winter morning, Europe woke up to a shock. Russia had cut off gas to Ukraine. Companies started reporting drops in supplies via the transit country. Calls to reduce energy dependence on Moscow resonated across the continent. That was in January 2006. Sixteen years on, through another supply crisis and then Russia’s annexation of Crimea, the European ...